The total amount of fines is rising and licenses continue to decrease. The People’s Bank of China will continue to strictly supervise third-party payments in 2020. At the same time, as the industry continues to differentiate, more and more head payment institutions are gearing up to enter the capital market, and the science and technology innovation board has also become the first choice.
Some people are “grooming their hands” and some are “retiring”
Since the second half of 2020, established third-party payment companies have frequently moved in the capital market .
UnionPay Commerce became the first payment company planning to log on to the Sci-tech Innovation Board in September 2020, and completed its listing guidance in December 2020.
UnionPay Commerce is controlled by China UnionPay, an integrated payment and information service organization specializing in offline, Internet and mobile payments. It was established in 2002 and headquartered in Pudong, Shanghai The new area is the first third-party payment institution to obtain a payment business license from the central bank, and is allowed to conduct four types of services nationwide: Internet payment, mobile phone payment, bank card receipt, and prepaid card acceptance.
In December 2020, Lianlian Digital Technology Co., Ltd. also plans to log on to the Science and Technology Innovation Board and conduct counseling and filing.
Lianlian Digital Technology Co., Ltd.’s main business can be divided into payment business and clearing and credit card business according to business segments. Among them, the payment business includes domestic payment and cross-border payment. Its wholly-owned subsidiary Lianlian Yintong Electronic Payment Co., Ltd. obtained a third-party payment license issued by the central bank in August 2011. Its business scope covers Internet payments and mobile phones. Paid.
In addition, Lianlian Digital also established a joint venture with American Express to establish Connect (Hangzhou) Technology Services Co., Ltd., which is the first licensed Sino-foreign joint venture bank card in China Clearing agency.
When the above-mentioned payment institutions were eager to test the sci-tech innovation board, some institutions “retired”.
As the first third-party payment company to enter the capital market, Huifu Tianxia chose to delist from the market after a year and a half after landing on the Hong Kong Stock Exchange.
On December 22, 2020, Huifu Tianxia (01806.HK) and Purity, the offeror